Glossary
Key terms used throughout the WickiePay documentation.
| Term | Definition |
|---|---|
| AML | Anti-Money Laundering — regulations to prevent financial crime |
| Asset Pool | A collection of funds across different currencies and networks |
| Beneficiary | The recipient of a payment or payout |
| Channel | A persistent payment endpoint for recurring deposits |
| Confirmation | A blockchain block that includes your transaction, increasing its finality |
| CDD | Customer Due Diligence — process of verifying customer identity and risk |
| Display Currency | The fiat currency shown to the customer (e.g., EUR, USD) |
| ERC-20 | Token standard on the Ethereum blockchain |
| Gas Fee | Transaction fee paid to blockchain validators |
| HPP | Hosted Payment Page — WickiePay's pre-built checkout page |
| KYB | Know Your Business — verification process for business entities |
| KYC | Know Your Customer — verification process for individuals |
| Merchant | A business entity that accepts payments through WickiePay |
| OFAC | Office of Foreign Assets Control — U.S. sanctions authority |
| Originator | The sender of a payment |
| Paid Currency | The cryptocurrency used for the actual payment |
| PEP | Politically Exposed Person — individual with prominent public function |
| Settlement | The process of converting and delivering funds to the merchant |
| SPL | Solana Program Library — token standard on Solana |
| TRC-20 | Token standard on the Tron blockchain |
| Travel Rule | FATF requirement to share originator/beneficiary data for transfers |
| UBO | Ultimate Beneficial Owner — individual who ultimately owns or controls a business |
| VASP | Virtual Asset Service Provider — regulated entity handling digital assets |
| Webhook | Server-to-server HTTP notification for events |